Health - What Types of Plans Are Available?

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There are essentially two kinds of heath insurance: Fee-for-Service and Managed Care.  Although these plans differ, they both cover an array of medical, surgical and hospital expenses.  Most cover prescription drugs and some also offer dental coverage.

• Fee-for-Service
  
  

  These plans generally assume that the medical professional will be paid a fee for each service provided to the patient.  Patients are seen by a doctor of their choice and the claim is filed by either the medical provider or the patient.

  
  
• Managed Care
  
  More than half of all Americans have some kind of managed-care plan.  Various plans work differently and can include: health maintenance organizations (HM0s), preferred provider organizations (PPOs) and point-of-service (POS) plans.  These plans provide comprehensive health services to their members and offer financial incentives to patients who use the providers in the plan.